Light Towers Global Market Report 2022

Light Towers Global Market Report 2022

  • June 2022 •
  • 175 pages •
  • Report ID: 6284110 •
  • Format: PDF
Major players in the light tower market are Generac Mobile Products, Terex Corporation, Doosan Portable Power, Wacker Neuson SE, Atlas Copco (India) Ltd, United Rentals Inc., The Will-Burt Company, Aska Equipments Limited, Larson Electronic LLC, Olikara Lighting Towers Pvt Ltd, Allmand Bros. Inc., Xylem, Chicago Pneumatic, J.C. Bamford Excavators Ltd., Colorado Standby, Youngman Richardson, WANCO INC., and Multiquip Inc.

The global light tower market is expected to grow from $3.03 billion in 2021 to $3.22 billion in 2022 at a compound annual growth rate (CAGR) of 6.24%. The growth is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.11 billion in 2026 at a CAGR of 6.35%.

The light tower market consists of sales of light towers by entities (organizations, sole traders, and partnerships) that manufacture, sell, and rent light towers.Light towers are mobile equipment consisting of high-intensity electric lamps and masts, along with a trailer attached to it with a generator setup at the back to power the bulbs when insufficient artificial or natural light is present.

In light towers, power is usually generated from diesel, solar energy, batteries, or hybrid methods to illuminate bulbs. Light towers are used in construction, infrastructure development, the oil and gas industry, mining, the military and defense, as well as in emergency and disaster relief.

The main types of light towers are stationary and mobile.Stationary light towers are fixed or mounted towers on a particular base, horizontally or vertically, with high electric lamps with various sizes of masts and are ideal for fixed position use.

These light towers have different types of lighting, such as metal halide, LED, and electricity.Light towers can be of either manual lighting technology or hydralic lighting technology.

Light towers are of various fuel types, including solar/hybrid, diesel, and direct power. Light towers are used by end users, such as oil and gas, mining, construction, and events and sports.

North America and Asia-Pacific were the largest regions in the light tower market in 2021. During the forecast period, Asia Pacific is expected to be the fastest-growing region.The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Increased infrastructure activities are significantly contributing to the growth of the light tower market.Light towers are usually used on mining sites, accident sites, construction sites, rescue solutions, and others.

Light towers are very useful equipment on infrastructure construction sites such as railways, highways, or roadways, sewers, power lines, and other infrastructure projects during night operations in remote places where insufficient light is present and good illumination is required.Light towers on construction sites increase the safety of workers and productivity.

For instance, in 2020, according to the CDP-ICLEI Unified Reporting System, approximately 304 infrastructure projects are under way across 97 cities in the United States.These projects include transportation, energy-efficient buildings, retrofit projects, and others.

Therefore, the increasing infrastructure activities drive the growth of the light tower market.

New product development is the key trend being followed by the companies operating in the light tower market.This is due to the presence of a large number of light tower manufacturing companies as well as to their extending their growth in new areas to be a leader in the market.

For instance, in 2021, Generac Power Systems, Inc., an American-based backup power generation products manufacturing company, developed a product named Generac’s V20 PRO tower, which is an all-in-one mobile lighting tower that can be operated with different fuelling systems such as diesel, battery, hybrid, external power, and solar energy in a single machine. Generac’s V20 PRO tower comes with a variety of external sources for charging the battery packs, including a solar panel kit, a generator, and a mains power supply.

In September 2021, Trime S.R.L., an Italy-based light tower manufacturing company, partnered with Tecnogen Spa, an Italy-based multinational generator manufacturing company, and acquired FTG Equipment Solutions for an undisclosed amount. Through this acquisition, Trime S.R.L. aims to target the American light equipment industry, increase production through a distribution strategy, and strengthen its product portfolio of light towers for various infrastructure projects. FTG Equipment Solutions is an American-based distribution company for generators and light towers.

The countries covered in the Light Towers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.